Financial Topics & Tips
How Credit Mix and New Credit Affect Your Score
Your FICO score isn’t just some random number. It shows credit card companies, landlords and bill providers how financially fit you are. You probably already know that paying your debt in full and on time equals a healthy score. But there are a couple of lesser known factors that affect your score, too. New credit and credit mix each make up 10 percent of your FICO score. But what do they mean, exactly?
View this brief, informative video from creditcards.com to learn how your credit mix and new credit can affect your credit score. Click here or click on the image below to watch the video. If you prefer, cut and paste this link https://www.creditcards.com/credit-card-news/fico-score-new-credit-mix.php into your browser.
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